I would also consider lowering the price.

So just have your 'spidey senses' about you and really think long and hard before you to commit to anything that is super expensive where the return could be marginal.From a tax perspective, you are bound by the rules of the IRS.  

Same goes for number of LLCs and what to fund them with, since bear in mind that CA tends to be more cumbersome and expensive to have LLCs than other states.California is generally more cumbersome than other states when it comes to taxes and filings.

Insurance for not brand new home is very expensive. 

And only private money should be taking a percentage of the profit at a lower rate.

I'm not sure how you can compete against that and make some serious money, unless you own an expensive villa by the ocean but I'd love to learn if your friends have a recipe.To be clear, I never suggested that you can't make money with a short-term rental in Punta Cana.

HUD tenant's rent is under rented by $500 per month and HUD re-evaluated her unit and lowered the HUD payment by $7 per month.

The increased use of quitclaim deeds for bona fide real estate transactions is making title work more complex, and in turn, more expensive.

The cash flow is usually much lower than the actual return on the asset.

What’s your recommendation for a dishwasher brand/model that’s likely to last but not super expensive?